FAFSA® 2024-2025 Changes You NEED To Know

[@angelalarson3660]

Thank you for these details!!

[@Edvisors]

You are so welcome!

[@overrunwithboys216]

QUESTION : One of the NEW parts is being a "CONTRIBUTOR" - I heard if so, then each "contributor" is required to have a FAFSA ID , which requires them to apply for this BEFORE filling out the FAFSA so you have it at hand.. In previous yrs, myself , the MOM was the only one who needed the FAFSA Id (never my husband, we are married, we file Jointly on our Tax returns). WIll my husband NOW need a FAFSA Id also , or if Married, still only (1) parent , as our Taxes are filed Jointly every year?

[@Edvisors]

Yes, FAFSA Contributor is new this year. If you filed a joint return with your husband, you will not need him to create an FSA ID to help submit your application. Remember, the 2024-2025 FAFSA is being released as a soft launch, and there have been some reported issues with the process. Hopefully it's a smooth process for you!

[@massterrbarber]

Thanks 🙏

[@alainaknight4098]

Where is the application

[@Edvisors]

The only information that has been given is that the 2024-2025 FAFSA will be released BY December 31st, 2023.

[@Gregwing]

So there is an option to automatically transfer your federal tax information to make the form easier however, there are still areas where you need to manually enter it. Again the Federal Government making more work for nothing.

[@antonstockl5776]

that isn't an option that is a requirement if you want to apply for your kiddo to get anything going forward. choice has been taken out of this just like all your other freedoms by the current folks running us all into a ditch at full speed.

[@Edvisors]

The 2024-2025 FAFSA will require you to provide consent to transfer your tax information from the IRS. Because of that, you won't have the option to manually enter and bypass the transfer. There are still a few questions regarding untaxed income, and assets (if applicable).